Los Angeles—Big data-driven online real estate investing marketplace RealtyMogul.com has announced it has raised a $35 million Series B financing round. The round was led by Sorenson Capital with additional funding from the lead investor in its Series A financing, Canaan Partners.

RealtyMogul.com uses big data in real estate risk profiling. The company intends to put the new financing to work strengthening its robust technology platform through the addition of data scientists and technologists to its staff.

RealtyMogul.com has helped fund 240 properties totaling more than $500 million in value, and in the last year has skyrocketed from 10 to 80 employees.

As for the kinds of borrowers most typically helped by the company, “We’re working with rehabbers who are in need of fix-and-flip loans,” company founder and CEO Jilliene Helman told MHN. “And we’re looking for real estate companies acquiring or refinancing existing assets, not just in multifamily real estate, but in retail, self-storage, office and industrial.”

Addressing the question of what borrowers need to qualify for loans, Helman reported the company requires minimum credit scores, minimum liquidity and minimum experience. “And it also depends on the transactions,” she added. “Different transactions require different levels of qualification. A fix-and-flip on a residential asset would be different from a loan on a $30 to $40 million piece of commercial real estate.”

RealtyMogul.com reports it offers a quick, simple, “frictionless” platform that connects clients to previously inaccessible investment opportunities and capital. The company is setting a new standard for real estate investing by offering access to equity and debt that might require part of a year to secure through traditional means of lending.

“We’re excited to be partnering with Sorenson Capital and Canaan Partners for this next stage of our growth,” Helman said.

“Their investment underscores RealtyMogul.com’s innovative technology for the full stack of real estate transactions—both debt and equity—and will help bring the $11 trillion commercial real estate marketing into the 21st Century.”

Part of the Series B Funding will go to help RealtyMogul.com additionally expand its geographic reach across the United States. The company is currently lending in 23 states, and has a physical presence in Los Angeles, Irvine and San Francisco. “We intend to launch some new regional offices, which will be sales offices,” Helman reported. “We’re intending to launch offices in Atlanta, Texas and New York City.”